Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

Remember, it was a POTENTIAL "AGREEMENT."

Kraig Biocraft Laboratories and MtheMovement by Kings Group sign Exclusive Purchase and Sales Agreement for up to potentially $40 million

Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000.

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The $40M deal being vaporized is an event that can significantly move the share price and is thoroughly embedded in KBLB's prospectus and filings.

TRUISM